Bank Execs: Covid’s Tech Challenges Handed ‘Big Wins’ to Automation, AI

Emerging tech is proving its worth since the Covid-19 outbreak, and are swaying skeptics towards even greater adoption, panelists said.

robot-machine-big board

The technical challenges of operating major financial institutions during the Covid-19 outbreak have driven uptake of automation and other new technologies such as artificial intelligence at hitherto unprecedented rates, according to speakers on a virtual panel at WatersTechnology’s Innovation Exchange event this week.

The sheer undertaking of moving between 90% and 95% of financial sector employees across all business functions and locations worldwide—from front-office sales and trading roles

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Systematic tools gain favor in fixed income

Automation is enabling systematic strategies in fixed income that were previously reserved for equities trading. The tech gap between the two may be closing, but differences remain.

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